With economic and other hardships mounting as a result of the COVID-19 pandemic, Governor Charlie Baker signed into law on April 21, 2020, a bill providing for a moratorium on certain evictions and foreclosures during the COVID-19 state of emergency (H.4647). The law covers the period from the Continue Reading
IRS Issues Guidance on Key Business Tax Provisions of CARES Act
As expected, the Internal Revenue Service (“IRS”) has begun to address some of the details left open by the business tax provisions of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). This Alert summarizes several pieces of important guidance issued by the IRS during the Continue Reading
Remote Notarizations Temporarily Authorized in New Jersey During Coronavirus Pandemic
On April 14, 2020, New Jersey Governor Phil Murphy signed into law a bill that allows a notary public or other officer authorized to take oaths, affirmations, affidavits and acknowledgments in the State of New Jersey (e.g., county clerks and attorneys-at-law licensed in the State of New Jersey) to Continue Reading
Borrowers Beware: GAO Ramps Up Efforts to Root Out Fraud Among CARES Act Loan Recipients
The Prospect of False Claims Act’s Treble Damages Require Meticulous Record Keeping under the CARES Act On April 10, 2020, the Government Accountability Office (GAO) announced its effort to root out fraud associated with the billions of dollars in payments promised under the Coronavirus Aid, Continue Reading
D&O Insurance Coverage and Coronavirus: Avoiding Exclusions
Sometimes an article needs an introduction to put the subject in context for the reader. Sadly, no introduction is needed for the coronavirus. It will have affected everyone who reads this. Some will have suffered physically. A larger group will have been emotionally affected. Except for hospitals Continue Reading
Pennsylvania Senate Issues Bill That, If Passed, Will Require Insurers to Provide Broad Coverage for COVID-19-related Business Interruption Claims
The Pennsylvania Senate has joined the ranks of other states’ lawmakers, as well as Pennsylvania’s House of Representatives, in proposing broad legislation that would assist policyholders that are suffering from the major economic upset stemming from COVID-19. In what is by far the broadest bill Continue Reading
Unpacking FEMA’s Efforts To Secure Needed Medical Supplies
Through its website, the Federal Emergency Management Agency[1] is encouraging the private sector to step up and support the agency in its response to COVID-19 in a variety of ways. In pertinent part, the website solicits donations of medical supplies and equipment, refers businesses with nonmedical Continue Reading
DoD CARES After All – New Cost Principle and DFARS Clause Implements CARES Act for Certain COVID-19 Costs
Commercial Real Estate Closings Move Forward During COVID-19 Pandemic
Although the COVID-19 pandemic is requiring changes in standard practices, many commercial real estate transactions are continuing to close—albeit with various logistical adjustments. To help keep closings on track, we discuss below steps that may require more planning. Title Company: Contact the Continue Reading
Paycheck Protection Program Eligibility Requirements Clarified
Here we clarify PPP eligibility requirements for independent contractors, sole proprietors and individuals with self-employment income, as well as additional guidance regarding partnerships and other issues. On Tuesday, April 14, 2020, the U.S. Small Business Administration (SBA) posted an Continue Reading